KPMG REPORT- URBAN INDIAN REAL ESTATE 2016

India 27th August 2016, KPMG, a global business consultant
recently done an analysis on Indian Real Estate Industry. According to
the report, The real estate and construction sector is expected to
generate 75 million (7.5 crore) jobs by 2022 and emerge as the largest
employer in the country. Real estate and construction sector in India is
expected to be the third largest globally by 2030 contributing over 15%
to the GDP and emerge as the largest employer in India providing
employment opportunities to over 75 million people.

The real estate developer’s share their views on the report-

"This
report is a very positive and encouraging for the real estate sector.
The real estate sector will see a significant rise in opportunity. With
the changes in the policy taking place such as GST, REITS and The Real
Estate(Regulation & Development) Act, the real estate sector will be
strengthened. This also puts a lot of responsibility on the developers
for providing quality projects of global standards to its buyers." -Mr.
Prashant Tripathi, Spokesperson, Viridian Group

" The report is
very positive and highly motivating for the real estate sector. To
achieve the vision of Housing For All by 2022, the development needs to
be at a rapid active pace along with providing the best quality
construction to its buyers. The ongoing policy changes being done by the
government such as REITS, GST and Real Estate Act will improve and
strengthen the construction and real estate sector. Also, according to
the report the opportunities will increase by several manifolds, leading
to greater employment and growth of the real estate sector" - Mr.
Ravish Kapoor, Director, Elan Group

About Viridian Red

Viridian
RED is widely recognized as a catalyst and for its leadership position
in the real estate landscape. With a vision to deliver innovative and
quality real estate solutions in India, Viridian Real Estate Development
was established as a vital part of Viridian’s integrated development
platform, comprising of investments, development and asset management
functions.

Viridian RED is further setting new benchmarks by
taking the immense potential of the World Trade Center to all of India.
The company has already identified important centers of commerce that
will be key drivers for growth and has planned a strategic roadmap for a
comprehensive rollout of WTC’s across India and ASEAN.

About ELAN Group Elan
is emerging as an Indian realty major; fully capable of delivering
great value to its clients. Through wide ranging expertise, Elan Group
is all set to offer unique residential, commercial and hospitality
projects. The group aims at creating connection between discerning
individuals and intelligent spaces to create exciting new prospects in
developing India through innovations, new technologies and research.

Since
inception, we are persistently focused on continuing to create and
build spaces that can transform lives for a better tomorrow and a better
world around us. Company has strong presence in northern India,
specially Delhi / NCR, with projects at the best locations of tier 1
cities.